Hello there,

Recently I was reading in the Wall Street Journal about Ant Group the parent company of Alipay – Service implemented along with Alibaba the biggest eCommerce store in China.

To get an idea of how huge is Alipay business, we can see that from the beginning of the company until the last year the app handle more than

$15 trillion in transactions — a value way bigger than MasterCard ($6.5 Trillion) and close to the European Union's GDP of $18.3 Trillion.

With more than 900 million users in China, using the payment system app in a variety of services like transport (buses and taxis) and services (pay utility bills, shop in stores and online, buy insurance, and make investments). On top of this, the company is aiming for a total market evaluation in excess of $200 billion — meaning it may sell more than $20 billion in shares when it goes public.

It's not about the money, It's about the dreams

—Jack Ma

The co-founder of Alibaba wants to disrupt the banking system altogether after he left the company as his next big project.

For Jack Ma to do this he will use the infrastructure of Alipay that allows people with just a mobile device to make transaction payments without the need for a credit card. That tactic was so successful that in China no one uses cash anymore and just need a mobile phone for every kind of payment.

Alipay became the most flexible tool allowing the average Chinese consumers and small business owners, that have been ignored by the major banks. The perfect way to not just pay more conveniently but be able to invest and save money in order to enhancement there lives and expanding their infrastructure and growth.

What is the next of the transformation you may ask?

Globally expansion outside China for the app and payment system. The issue in that strategy is that ant group tried to acquire in 2017 US money transfer company —MoneyGram but the deal failed due to national security concerns.

That is why the follow-up plan could be in my opinion, the creation of there own token or perhaps an already created crypto for markets such as India and South Africa for a starting point. Helping average consumers purchase acquisition and small businesses like they did in China.

This would make a great impact on the crypto world and making the transition not only easy but also finally mainstream so everyone can use and experience the benefits of cryptocurrencies as a whole.